Zijin Mining plans to authorize its subsidiary to engage in futures and derivatives trading business

Zijin Mining (02899.HK) announced that, without affecting the normal operation of the company and effective risk control, the company plans to authorize its subsidiaries in the financial sector to use part of the idle self-owned funds for futures and derivatives trading business, to obtain certain investment returns, improve capital utilization efficiency, create greater benefits for the company and its shareholders, fully leverage the synergy between the company's financial sector and its main business, and reduce the market volatility risks involved in the company's cross-border investments and industrial chain investments.

The company authorizes its subsidiaries in the financial sector to use no more than 300 million RMB and no more than 100 million USD or equivalent foreign currency as trading margins, premiums, etc., for other futures and derivatives businesses, with a corresponding maximum loss limit of 50 million RMB and 5 million USD or equivalent foreign currency. The investment scope includes futures, options, and other derivative products linked to major asset classes such as domestic and foreign stocks, bulk commodities, foreign exchange, and fixed income. Funds within the above limits can be used on a rolling basis